Deadline Extended for Harvard Illinois Sale

Wonder Bancorp and Harvard Illinois Bancorp have extended the deadline for their merger to May 31, according to a joint news release issued Friday.

The $149 million-asset Wonder Bancorp in May agreed to buy Harvard Savings Bank, certain of its assets and "substantially all" of its liabilities. At the time the deal was expected to close in the third or fourth quarter of 2015.

The agreement was part of the $143 million-asset Harvard Illinois Bancorp's plan to wind down its operations.

Community banking

Harvard Illinois Bancorp Shareholders Approve Sale

Harvard Illinois Bancorp shareholders have approved an agreement to sell the company, a big step toward a plan to wind down operations.

By Jacob Passy

August 28
M&A

Harvard Illinois to Sell Its Bank, Wind Down Operations

Harvard Illinois Bancorp, which has struggled with persistent activist pressure and exposure to a fraud scheme, is preparing to wind down its operations.

By Paul Davis

May 21
Community banking

Stilwell Launches Fourth Proxy Battle Against Harvard Illinois

Joseph Stilwell hopes a fourth challenge against Harvard Illinois Bancorp is successful.

By Paul Davis

March 9

Wonder Bancorp, in Wonder, Ill., is the holding company for State Bank.

Andy Peters

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